NZ wool prices advance at auction as supplies dwindle

Fri, 06 May 2016

By Tina Morrison May 6 (BusinessDesk) - New Zealand wool prices advanced at auction this week as a seasonal drop in supply bolstered the market. Strong wool of 39 microns gained to $5.85 per kilogram at yesterday's South Island auction, from $5.55/kg at last week's North Island auction, according to AgriHQ. Second shear wool of 37 microns traded at $5.80/kg, up from $5.45/kg last week, while lamb wool of 30 microns lifted to $6.45/kg from $6.10/kg. Dwindling supplies helped underpin prices, with just 4,700 wool bales offered for sale a...

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